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: tonight's top story, delays at airports coast to coast. according to the faa, flights into new york, baltimore, and washington are delayed because of not enough controllers on hand to monitor the busy corridors. joining me now, president of boy group international and erik hanson, director of domestic policy for the u.s. travel association. welcome to you both. i will start with you, mike. what do you make of this? the fda is saying many of these delays are two hours or more. is is the fault of sequestration or is something else, not? >> it is the fault of politics. sequestration is 600 million out of the faa budget. 4 percent. they still have a billion dollars in their budget, more than they did in 2008 and 8% fewer flights. no one in aviation is buying this. this is a political stunt, and that is all. gerri: do you agree? >> i don't know if it is a political side, but it is certainly politics at its worst. for the travel industry, a key driver of the economy, we cannot afford to sit here and have congress pointing the finger at the administration, the administration putting the fi
the sequester for flight delay. it is just another example of shoddy management by the faa. lori: gas prices are tank. why good news may still be on the way. melissa: fed watchers in full speculation mode as bernanke has he will skip jackson hole. a first for a federal chairman in 25 years. what does it mean? now, to the floor of the new york stock exchange. nicole petallides. nicole: we will get to some of the home builders in a second. right now you have a mixed market. the dow jones pulling back a bit. that 2.2%. last week was a rough week for the dow jones industrials. there is the tech heavy nasdaq. there is a look right now at how we have done so far. obviously, you can see that we have had a nice run this year. i wanted to also take a look at some of the homebuilders. we got in some existing home sales. pound .6% month over month. that is not good news there. the home prices that you saw word. back to you. lori: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the econo
the faa to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher
. that is because there are fewer air traffic controllers on the job. the faa called for two furlough days for every two-week period to cut more than $600 million from the budget. airlines filed a lawsuit on friday asking a federal court to stop the furlough of air traffic controllers. they say that these cuts in hours will result in travel delays of up to an hour. a travel industry analyst says what's happening is political gamesmanship. >> the faa was shut down a few years ago, flights weren't affected. it seems to me like there is a request or directive out there to take steps so that passengers will be inconvenienced and that they will call their elected officials to get them to take action. >> reporter: here's a live picture of mineta san jose international airport. i only found one 30-minute delay this morning and a couple of 10-minute delays in oakland and sfo is on time. even if sfo avoids furloughs, travelers here could still feel the pinch because of the domino effect from delays at connecting airports. at sfo, elissa harrington, kpix 5. >> airlines say up to 6700 flights per day could be
air traffic controllers on the job this morning. the faa called for two furlough days for every two-week period to cut more than $600 million from the budget. airlines filed a lawsuit on friday to stop the furlough of air traffic controllers saying the cuts will result in delays up to an hour at major airports and hubs throughout the country. travel industry analysts say what's happening is political gamesmanship. >> the faa was shut down a few years ago. flights weren't affected. it seems to me like there is a request or directive out there to take steps so passengers will be inconvenienced and they will call their elected officials to get them to take action. >> reporter: now let's see what's happeninat airports around the this is live picture of mineta san jose international airport. i found three delays there this morning. the longest, 30 minutes. only a couple of 10-minute delays in oakland. and a few delays here at sfo, as well. now, even if sfo avoids furloughs, passengers could still feel the pinch because of the domino effect from delays at connecting airports. and speaking
the spokesman about that and he said it is early. he did say controllers will be furloughed each day at every f.a.a. air traffic control facility which started yesterday. there were delays at lax last night because of sequestration. the cuts were ordered out of congress. although we could not find any delays at sfo this morning, we did find opinions. >> i wish they would cerate rt than across-the-board cuts. >> all budget cuts are difficult and all managers face that but you get the budget in balance and lower the government expenses it is worth it. painful but worth it. >> air traffic controllers are not happy about there and they will lose a day of work every other week and they hope that passengers will complain enough to get this changed. officials say necessity -- they have no choice they have to cut $600 million by the end of september from the budget so they will pull people from the air traffic control towers. expect delays through the end of september an the country l is a website you can check to see how it is looking at different airports across the country and we provided a link to that
here all morning on a train traffic. >> the faa is really concerned about overloading air-traffic controllers with so few of them on the job because of the furloughs. >> major strike at a time as of today could impact travel in and around europe. the german airline started canceling flights on saturday announcing that only 32 of nearly 1700 flights will take off from german airports today with domestic and european flights particularly hard hit. thousands of airline staffers want a pay increase of more than 5%. loud sounds that has offered just 1.2%. >> a live look this morning from our roof camera. a beautiful sunrise. a beautiful morning in a hot afternoon expected later on today. another check on your [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ i'm just red carpets and big spectacles. but that's onl
air traffic controllers must take one day off a week. the faa said planes will have to take off and land more frequently. that would translate to potential longer lines at the airport. joining me is the spokesperson for sfo. can you give me an idea of how many travelers will be out on every given day or? >> what i can tell you, it's about a 10% of reduction. if i'm an air traffic controller, one of my days out of ten is reduced as the furlough. >> reporter: do you have any idea if this will impact the lines? >> i think where we might see some effect is more from the faa perspective. i don't know if it will affect the lines at the airport. but in terms of flight delays, if there's another airport that has congestion issues or staffing issues, even if we're fined locally, we may experience delays to and from the location. it's very much a nationwide issue. >> reporter: it's a juggling act for you. i think one of the things we can expect, there is a procedure we use and that requires an extra controller. not an issue today but if we have bad weather conditions, we might not be able
are set to fly again. friday, the faa approved boeing's battery fix on its 787s. the jets could be in the air within weeks. meanwhile, boeing is slowing down production of its 747-8 jumbo jets because of weak demand for freighters. it is not expected to have a major effect on the jet maker's finances. dripping oil prices are seeping into the cost of gasoline. a gallon of unleaded fell around a nickel over the past week. phill flynn of price futures group joins us now. good morning to you phil. - good morning! usually you have me on when gas prices are going up and you are complaining. i think i should get some credit now that they are coming down. - how low will they go? - i think we could fall another 25¢ a gallon right now, because, let's face it, the cost of crude has been tumbling. in fact, if you look at the cost of brent crude, which has really been following gasoline prices, we are under $100 a barrel, and even opec may not be able to stop it, though they are talking about calling an emergency meeting. so the outlook for the summer driving season looks clear and sunny,
of the sequestration cuts ordered b congress. the f.a.a. says safety will not be compromised but there will be delays and today is the first big test as it is the first business day of the cuts. air traffic controllers hope that pressure from the public will stop the furloughs. this is going to be impactful and we agree there should be another way to accomplish this. airlines are not happy about this, either, and they say the passengers should tell the f.a.a. they don't like this and find other ways to cut. the f scheduled to last through the end of september. >> the ground staff of the german airlines have walked off the we job forcing germany's biggest carrier to cancel the majority of flights. some united passengers to germany may be booked on a different flight so check your ticket and the airline. >> oak police are searching for the down man involved in an attempted robbery in an upscale neighborhood on saturday night. the shooter tried to problem a man walking down the street but shot him and not taking anything. the victim was taken to the hospital and is stable condition. the shooter ran off.
. that is good news for anyone flying out at any point today. you talked about these sequestered cuts, the faa says a big lead the air traffic controllers. furlough days are being issued. we actually did see some delays because of those air traffic control furloughs. places like laguardia in new york and l.a. acts. lax at delays at somewhere between one hour and three hours. it did not really have a lot of affect here as at all but anytime you have delays around the country, it has an accordion of fact. that is what they're afraid of. they're thinking today maybe a day will restart the see some delays are around the country. you can see here in the board at sfo, everything was on time. we did not have a delays but that cannot easily change as a day goes on. we're telling people if you're coming to the airport and flying any time in the near future, make sure you call ahead and check the status of your flight. make sure your weather could be delays. a spokesperson is coming out and we are trying to get the interview with him. if we have any issues, we'll pass them along as they come in. >> with
of air traffic controllers. faa officials declined comment on the suit. >>> a member of the oakland school board will become the district's acting superintendent soon. gary yee was named a candidate for the job today. the school board is due to vote on the appointment on wednesday. yee has been on the school board since 2003 and he is in line to replace superintendent tony smith. smith is leaving because of family health issues. >> we have decided that, given the time frame that we're working with, that an acting superintendent is the right course of action at this time. >> yee is an oakland native and has worked as an educator and principal for more than 40 years. >>> residents finally allowed to return home in texas. next, newly released 911 tapes from the moments following the deadly explosion at a fertilizer plant. >>> and girl next door reese witherspoon in an unusual role what she has to say about her weekend in jail. >> hi, i'm meteorologist lawrence karnow in the kpix 5 weather center. high pressure and offshore winds, the temperatures are soaring, some places already in the
investigations. >> and the f.a.a. furloughs go into effect today. we will see you tonight at 10:00. [ engine revs ] [ female announcer ] small... [ engine revs ] wicked... ♪ and now... ♪ topless. ♪ the fiat 500 abarth cabrio. ♪ they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy to see a sneezing panda clip! have you eaten today? you sound a little grumpy. [ laughter ] [ male announcer ] connect all your wi-fi-enabled devices
and pilot organizations are trying to stop the furloughs from happening by suing the faa but they are here and commercial flights really move flatly throughout the united states yesterday. but the real test will come together. that is because air traffic -- because of budget cuts all air traffic controllers must take one day off every two weeks. that means they will lose one traffic controller every day. santa rosa airport they were down at least one controller yesterday. folks there said they were concerned about safety and felt the government could have made cuts elsewhere. >> we are looking at a tiny percentage that needs if be reduced. it's ridiculous they can't do that. you and i can certainly if we want to take $5 off of our spending for lunch over a month, it's easy for us to do. >> reporter: yesterday sfo and ma theta san jose reported no problems. sources inside the air traffic control tower here said four workers were furloughed yesterday. we still have to find out how many are furloughed today. meanwhile 100 contract towers in small airports across the country are scheduled to s
through september. there has been a lawsuit filed against the faa, but the case has not been taken up in court. the furloughs could result in delays or canceled flights for one out of three airline passengers. the busiest time of year for travel could be a little bumpier than usual. joining us from washington is former "new york times" correspondent elizabeth becker. elizabeth just penned a new book called "overbooked: the exploding business of travel and tourism." welcome inside "the war room." >> it's nice to be here thank you. >> michael: what impact will the sequesters have on travel to america? >> well, i'm not convinced that the furloughs will come about. i would say that president obama has shown a partiality to listening to the tourism industry. so i'm not sure it is really going to happen. i think there could be a change of mind. but overall america is just recovering from what the industry is calling a lost decade, where a series of idealogical arguments, and the 9/11 border changes really flattened out tourism for the united states when it was booming
. soon they'll be facing long waits at the terminal as well. last week the f.a.a. -- that the federal aviation administration -- announced it's starting this week thousands of flights every day that will be delayed for up to three hours because of the devastating, ash administer cuts of -- ash terror cuts of sequester strags, the f.a.a. is forced to furlough thousands of workers. this could lead to 6,700 flight delays eay this summer. i repeat, every day 6,700 delayed flights. by comparison, the worst travel day of last year 2012 was about 3,000 flights being delayed. this was after severe thunderstorms accompanied by two-inch hailstorms, and a 90-mile-an-hour wind that wiped across the northeast and a tornado touched down in new york. that, mr. president, caused 3,000 flight delays. on any day if this sequester strags kicks in, it will double that. travelers were stranded at airports across the country during that real bad day we had last week. some were stranded for days. mr. president, it's going to be worse than that. as i said, this summer more than twice that number of flights w
for flight again in about a week. the faa approved friday a boeing plant to encase the 787 of lithium ion batteries in a steel box. install new battery chargers and add a duct to vent gases directly outside the aircraft that could cause overheating. we have a look at the golden gate bridge preconceived their ride on was found 80. moving well no problems out there in relatively clear as you look above the skies. are going to have air with another update on the forecast coming up at 545. today expect to be the hottest day of the week. full details street ahead. look at them kids. [ sigh ] they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy to see a sneezing panda clip! trevor, have you eaten today? you sound a little grumpy. [ laughter ] [ male announcer ] connect all your wi-fi-enabled devices with u-verse high speed internet. rethink possible. is more fun than ever. sees better
Search Results 0 to 16 of about 17